It is possible to claim vat back after vat registration

In case you operate a trading business in the UK or any other EU country and also have imported services or goods that has already paid vat in the nation of origin you’ll be able to claim vat back after vat registration. However,


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it is important to study many different rules required for vat refund before you stake your claim for a vat reclaim.

Although tourists and certain other people can claim VAT or vat when they go back to their country by simply showing the original vat invoice displaying the vat rate and vat amount, businesses have to furnish a lot more details before they can be eligible for a reimbursement. In the event you too have imported goods or services originating from a member EU country into the UK and have already paid vat in the country then to prevent double taxation and reduce your costs, you ought to surely have a vat refund. Although you may not be in a position to directly deduct the vat amount as part of your next vat return, you can surely claim vat back from the country of origin provided you follow their vat rules.

If you’re not vat registered then you can use the vat online services offered by HM customs and excise customs vat or visit the hmrc vat web site to register your business first. If you are not internet savvy or have trouble in comprehending vat rules it could well be better to appoint a vat agent that delivers all vat services including applying for refunds and handling vat returns. You can now authorize your vat agent to submit your vat claims in your stead. You can also appoint different vat agents in several countries and register them separately, particularly if you import goods and services from different countries.

You should make sure that you retain all original documents of vat paid within the original country before you can claim vat back. You need to fill up the vat form for vat reclaim before 9 months within the next twelve months after you have paid the original vat amount in order to be eligible for a a vat refund. However, this time around period varies in different countries. You need to to climb over language barriers between various EU countries while submitting your tax documents. For instance, Poland stipulates that you attach the faktura vat or tax invoice that is written in Polish language before it’s sent for any reclaim. In such a case, the local vat agent would be in a very better position to understand the specific laws for each country.

After you have submitted all relevant documents to assert vat back, then you should get the vat refund within the designated time period specified by the exact country. In great britan the time period is usually around 4 months if your claim is processed and approved without the requirement for additional proof. You may receive your vat refund in a EU country that you desire or perhaps britain provided you’ve got a valid bank account within the desired country. However, you should remember to submit proper documentation since any rejected vat claim will usually be looked with suspicion and handled strictly by the concerned vat authorities of the country.

If your business requires services or goods that have already paid vat in the country of origin before reaching the shores of one’s country in which you need to pay vat again, then you can reclaim the extra vat paid on them. A vat agent that is well versed in international and national vat rules should be able to guide you towards claiming vat back without difficulty. For those who have just started trading internationally you’ll be able to claim vat back after vat registration and reduce your costs to a large degree.